AI’s Impact on the Legal Profession: Evaluating Risks and Assessing the Future of Legal Practice
A. Introduction: Artificial Intelligence (AI) has revolutionized various industries, and the legal profession is no exception. AI technologies are...
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Cryptocurrencies: Evaluating Risks and Assessing Their Future in Digital Banking
A. Introduction: The emergence of cryptocurrencies has disrupted traditional financial systems, offering decentralized and secure alternatives to...
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CySEC Circular C533 on the guidelines on certain aspects of the compliance function requirements
Cyprus Securities and Exchange Commission (the “CySEC”) issued the Circular C553 (the “Circular”) on the 14th of March 2023, for the provision of guidance...
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Financial Action Task Force Statement Publications – February 2023
Paris, 24 February 2023 - The second Plenary of the FATF under the Presidency of T. Raja Kumar of Singapore concluded on 24/2/2023. Delegates from over 200...
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Procedures for the receipt of reports of infringement of Regulation (EU) No. 596/2014 on market abuse
We would like to draw your attention to the Circular C488 (the “Circular”) issued by the Cyprus Securities and Exchange Commission (the “CySEC” of the...
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Supervisory briefing in relation to firms using tied agents in the MiFID II framework
A. INTRODUCTION In accordance with the Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a...
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Andria Papageorgiou Law Firm awarded by The Lawyers Global Awards 2021
It is with great pleasure to announce that Andria Papageorgiou Law Firm has been awarded as an Outstanding Law Firm, within the regions of Europe, Eastern...
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Directors’ duties under Cyprus Law
A. INTRODUCTION The board of directors of a Cyprus company is the administrative body responsible for the day-to-day management of the company....
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Registration of the Ultimate Beneficial Owner(s) (“UBOs”) to the Registrar of Companies
The Department of the Registrar of Companies and Official Receiver, has been appointed as the Competent Authority for the operation of the Registration of...
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Circular C475: Sanctions Imposed by the Office of Foreign Assets Control (“OFAC”) of the U.S. Treasury Department
With Circular C475 and on continuation to the Circulars C266 and C337, CySEC draws your attention to the continuously updated list of the latest U.S....
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New Incentive Scheme To Be Launched To Attract High Tech Companies
Cyprus Government presented recently a new proposal for the attraction of businesses and digital nomads, placing an emphasis on domains related to...
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Legal Opinions For Financial Institutions
Legal opinion is a piece of professional legal advice on a specific subject. Lawyers have an exclusive right to prepare such a document at the request of...
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